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China Pharma Holdings, Inc. Reports Full Year 2011 Financial Results
Date:3/15/2012

>

 

3,721,462

 Comprehensive income 

$ 24,349,740

 

$ 27,135,809

  

 

 

 

 

 Earnings per Share: 

 

 

 

 Basic

 

$
.44

 

$
.54

 Diluted

 

$
.44

 

$
.54

  

 

 

 

 

 CHINA PHARMA HOLDINGS, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS  

 For the Years Ended 

 December 31, 

 2011 2010Cash Flows from Operating Activities: 

 

 

 Net income

 

$ 19,269,642

 

$ 23,414,347Depreciation and amortization

 

1,174,822

 

1,505,195Stock based compensation

 

196,183

 

345,416Derivative gain

 

(934,260)

 

(1,588,888)Bad debt expense

 

108,085

 

505,224Deferred income taxes

 

37,281

 

(123,177)Changes in assets and liabilities:

 

 

 

 Trade accounts and other receivables

 

(11,392,154)

 

(9,231,358)Advances to suppliers

 

(251,171)

 

(3,367,119)Inventory

 

(2,925,143)

 

(5,530,989)Trade accounts payable

 

(1,928,259)

 

895,001Accrued expenses and other liabilities

 

758,783

 

74,063Accrued taxes payable


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SOURCE China Pharma Holdings, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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